CBS 3 - August 22, 2007
by Leslie Van Arsdall
(Watch the Video of this report at Philadelphia's CBS 3.)
BUCKS COUNTY, Pa. -- The Power and Energy Company based out of Ivyland is one of the first companies in the country to be awarded a multimillion dollar contract from the government to help develop green technology.
Pennsylvania Congressman Patrick Murphy was proud to make the announcement on Wednesday.
"This company develops technology that produces high quality hydrogen, allows ships, our navy ships, to generate fuel cells more efficiently," Congressman Patrick Murphy said.
The $3 million dollars will accelerate the rate the product can be made by extracting hydrogen from existing fuels that can then be used as energy. The company claims to be the only one in the country to have successfully done so.
"It will do twice as much work for the same gallon of fuel or to do the same amount of work you use half as much fuel which means there's half as much pollution generated," Power and Energy Inc. Al Stubbmann said.
The Navy has been contracting the company for years because it's interested in finding an alternate way to fuel ships but that is just a small part of a much larger picture.
"We've not decided to change our lifestyles yet so for the same lifestyle we could cut down on the amount emissions weather it's our car or heating our house," Stubbmann said.
The process will save people money.
"We will reduce the fuel that we purchase which reduces our dependency on imported oil, and as the demand goes down, the price will go down. So everybody will win," Stubbmann said.
If all goes as planned the fuel product should be ready in about 18 months.
(Copyright © MMVII, CBS Broadcasting Inc. All Rights Reserved.)
Watch the Video of this report at Philadelphia's CBS 3.
About Power+Energy
Power & Energy is headquartered in Pennsylvania, USA. Established in 1993, the company's mission is to enable the hydrogen economy and promote energy efficiency through the application of micro-channel technologies. The company provides a full range of micro-channel hydrogen purifiers to ultra-high purity users across the U.S., Asia and Europe.
For further information, contact Al Stubbmann, Power & Energy Inc., 106 Railroad Avenue, Ivyland, PA 18974-1449, e-mail al.s@powerandenergy.com or call +1-610-217-0193.
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